Warren Leads Over 100 Lawmakers in Urging Action on Crypto's Role in Terrorist Financing
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Senator Elizabeth Warren led a letter signed by over 100 legislators about crypto's role in terrorist financing. It cited Hamas fundraising over $130 million in crypto.
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The letter urged the Biden administration to act against illicit crypto activity that poses a national security threat.
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Warren is a leading congressional crypto opponent who introduced an anti-money laundering bill. More legislators signed on after the Israel-Hamas conflict.
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The letter signers include active anti-crypto lawmakers like Marshall and Casten, along with crypto advocates Lummis, Gillibrand and McHenry.
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Treasury Under Secretary Nelson said Treasury is monitoring Hamas and Palestinian Islamic Jihad's virtual asset use and will increase transparency to combat illicit financing.